August 22, 2013 9:08 am
Tesla Motors Inc. Chief Executive Officer Elon Musk stated the electric-car maker intends to add factories in Europe and Asia, trying to expand gains by increasing volume of the planned mass-market battery car. The company this year estimates to make at least 21,000 of its $70,000 Model S premium sedans at its Fremont, California, plant, […]
Read moreAugust 22, 2013 7:46 am
Abercrombie & Fitch Co, Aeropostale Inc and American Eagle Outfitters Inc have fallen out of fashion and arent likely to win back their business anytime soon. as U.S. teen shoppers switch their taste. The “three As” as companies have been called, have long been popular for their cool basics like jeans, hoodies and t-shirts. But […]
Read moreAugust 22, 2013 6:36 am
U.S. stocks declined, giving the Dow Jones Industrial Average its longest retreat in 13 months, as minutes of the Federal Reserve’s July meeting showed officials support stimulus cuts to be made later this year if the economy improves. The Standard & Poor’s 500 Index lost 0.6% to 1,642.80 at 4 p.m. in New York, the […]
Read moreAugust 21, 2013 11:41 am
Apple has lost more than 40% of its share of the Chinese tablet market over the past year to cheaper rivals led by Samsung Electronics, as devices based on Google’s Android and other operating systems rapidly overtake the US company’s gadgets. In the second quarter, Apple shipped 1.48 million iPads in China, 28% of the […]
Read moreAugust 21, 2013 8:42 am
A trading glitch occurred yesterday in Goldman Sachs computer system that resulted in a large number of erroneous single stock and options trades. Many of the trades may wind up being erased but the error could still cost the firm around $100 million, according to a person familiar with the situation. “The exchanges are working […]
Read moreAugust 21, 2013 7:41 am
Bayerische Motoren Werke AG, the world’s biggest maker of luxury cars, is struggling to deliver spare parts on time because of a new supply-management system, forcing customers to wait for repairs. The delays, which started more than two months ago with the switch to the new logistics system, have caused damaging effects globally because orders […]
Read moreAugust 21, 2013 6:32 am
U.S. stocks rose, with the Standard & Poor’s 500 breaking a four-day losing streak, as retailers’ results surpassed estimates and investors awaited signals on stimulus measures from the Federal Reserve. The S&P 500 added 0.4% to 1,652.35 at 4 p.m. in New York. The Dow Jones Industrial Average sank 7.75 points, or less than 0.1%, […]
Read moreAugust 20, 2013 2:29 pm
Amazon.com Inc. is starting a warehouse building spree in response to the raising demand of getting products to customers more quickly amid rising competition from EBay Inc. and Wal-Mart Stores Inc. Amazon’s center in Chattanooga, Tennessee, opened in 2011 after about 10 months. More space and new technology are the advantages of the new building, […]
Read moreAugust 20, 2013 10:33 am
U.S. stock-index futures retreated, signaling the Standard & Poor’s 500 Index will decline for a fifth consecutive day, amid speculation the Federal Reserve will reduce the pace of bond purchases next month. Futures on the S&P 500 expiring in September slipped 0.2% to 1,642.5 at 10:50 a.m. in London. The benchmark U.S. equity gauge has […]
Read moreAugust 20, 2013 8:50 am
The company this year offered a line of radler drinks, a blend of lemon soda and lager, to 23 markets in its biggest product introduction. It’s hoping that the drink, sweeter and less alcoholic than beer, will win over the ever-elusive female drinker as well as young men who prefer wines or spirits. Brewers are […]
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